Home / News / Crops news / Corn, soybean prices to dip Thursday

Corn, soybean prices to dip Thursday

07/18/2013 @ 7:39am

On Thursday, the CME Group's corn, soybean, and wheat markets lean lower.


The early calls for the commodities on Thursday, July 18, 2013, are mixed. Corn is seen opening 4 to 6 cents lower, soybeans 5 to 7 cents lower, and wheat 1 to 2 cents higher.

In overnight trading, the Sept. corn futures contract traded 4 cents lower at $5.34 per bushel. Dec. corn futures traded 6 cents lower at $4.96 per bushel. Aug. soybean futures traded 5 cents lower at $14.72, while the Nov. soybean futures traded 8 cents lower at $12.75. The Sept. wheat futures contract traded 1 cent higher at $6.66. For Dec. soybean meal futures, the contract traded $5.20 per short ton lower at $380.80; Dec. soybean oil futures traded 16 cents higher at $45.67.


The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the mixed overnight markets.


Discuss the corn, soybean, and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?